The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-06-03
FINANCE And COMMERCE.
MONEY 8 TO 8 PER CENT, NEW
YORK EXCHANGE 1.S PREM.
Cotton Firm - Middling Cotton,
1le-Sales Yesterday, I'm
important.
APPEAL 0FRIcE.
ipuro Tpus Iuna . 122I

MEhPHlS, IKNN., juno z, looisJ
The money market continues steady,
but rates are unchanged at the banks at 6 to
5 per cent. for leans, although q stitching OF
rates is predicted.
The market for securities remains quiet.
but the tone is improving. At the Stock Ex-
change today 3S shares Of Citizens Street
Railway Company were sold at 621E. Bank
and insurance stocks are practically I'M
changed. Taxing District bends. Flippin
compromise bonds. Shelby county bonds and
warrants remain steady. Miscellaneous
stocks and bonds are quiet.
The local cotton market Is firm. Middling
lie and no sales. New York spots closed
steady, middling 1l1Sc. Futures closed
steady and 5 to points higher, June II 500
1l.4Oc. New Orleans spots are unchanged
and steady, middling lO5s,. Futures barely
steady and up to- points. June 10 $50
1O.6ic. At Liverpool spot cotton is steady,
fair demand, middling Orleans and up
lands SGD. Ordinary. good ordinary, low
piddling and good middling have ad.
vsnced Lied. A notice posted
on the Cotton Exchange blackboard
stated that $500 bales of burnt cotton were
deducted from New York stock today. A
leading New York circular says of the future
market:
The market was active and stronger to-
day. The strength of the position is still
principally in the buying capacity of opera
tors for rise. After some auctuation, the
close was SOLO points a. owe last evening and
apparently steady"
The grain and provision markets ave
steady. Sugar declined from 1sc to Ac on
nsar'y all grades today in the local mar
ket. and coffee advanced 10 per poutd. the
lowest grade, common, being quoted at 2O15c.
The New York Commercial Bulletin Of the LIST
says:
"For Rio grades there is practically no
news 10 convey, except the further consider
able addition TO values. The market has
opened after the day with apparently no
abatement OF confdenee in ability to con-
tlnue the upward tara unchecked, and while
a conservative feeling furnisbe, a working
supply from those who are willing to accept |
a proht, others appear to stand ready to p elk |
mp what is spilled and force an additional |
price thereon. Some few actual goods have |
gone out today, bur only in cases where DIRE |
necessity compelled buyers to move, and the |
impulse to The entire movement is specula- |
tvS and based on assumptions already too |
oapitulation. The advices from BAIL |
today we're strong, both as to price |
and to figures furnished and accepted
BY the bulls" as representing the |
ttuo position, and viii Q the HaVre market |
seemed more or less unsettled, there was a |
good supply of European orders today to
feed The demand. There was, however,
some local realizing, and also a consider BILE
amount of sellieg at one time on Brazilian
account, showing that the feeling in the lat
ter diI ection is not unanimously 'bullish,'
though the Offering referred to did not ap. |
pear to come from the direc ion whence the
large buying power has Of ate been marked,
There has been an ir ocular advance of SOFA
70 Jints, closing with some mod iication, |
but pretty STEADY with firm expressions
afterward on the street, but no known trad
ing, as under he new rules 1t now costs $50
penalty for every contract handled within
nall mile OF the Exchange after hours"
IMPORTS.
Ten brls beans and peas, 70 pkRs bacon,
AZ phRs boots and shoes, 10, 500 Blu corn, 934
SKIS cotton seed, i car cotton seed, 2S pkgs
dry goods, 6S pkgs eggs, AS btls -four, 1888
Dales nay, II hd hogs, 81 nd sheep, 81 hid cat.
tie, 70 hid horses and mules, 8S pkgs lard, |
l2o,OOO feet lumber, 3 pkgs liquors, 25 brs
meal, l4O brls m0lasses, l car pork sides, 10
pigs rice, 100 brls sugar and q pkgs tobacco,
ELEVATOR REPORTS.
The following shows the amount of grain
received, Withdrawn and in store by regular
elevators, as reported tn the Merchants TX
change yesterday: Corn-receiyed, 75l8 blu;
1910 bu; in st re, 37,450 bu.
0ats-Tecoived, 8S5 bu; withdrawn, 1850 bu;
IN store, $40 Gu.